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Pangasius exports to the United States and Russia reduced

Pangasius exports to the United States from 1st January 2014 to 15th July 2014 were US$ 163.12 million, down 24.2% year on year. Vietnam pangasius exports to the market continuously declined from March until mid-July. Pangasius exports in May dropped 59.2%, which is the highest reduction. March saw the slightest decline by 12.7%.

The United States was accounted for 18.3% of total Vietnam pangasius exports compared with the same period in 2013 at 23.9%. Being top market for Vietnam pangasius last year, it was surpassed by EU this year.

Pangasius imports by the United States decreased in both value and volume in the first half of 2014. According to National Marine Fisheries Service (NMFS), in 1H, America imported 53, 259 MT of pangasius and catfish from 30 countries and territories around the world, down 7.3% compared to the same period in 2013, in which pangasius imported from Vietnam was 47,360 MT, down 9% year on year.  

There was a slight increase in average export price of Pangasius to the US. Average price of Vietnam pangasius exported to the United States in the first 6 months of 2014 reached US$ 3.035/ kg, increasing 0.7% year-on-year. 

The companies blamed POR9 applied from 1 August 2011 to 31 July 2012 for the decline in pangasius exports to the United States.

The ninth antidumping duty administrative reviews (POR9) set anti-dumping tax imposed to Vietnam pangasius companies. Vinh Hoan Corporation – one of the two mandatory respondents – reduced antidumping tax from US$0.03 per kilogram to zero. The anti-dumping tax on pangasius products of other defendants increased over tax rates announced on 31/03/2014, from US$0.42/kg to US$1.20/kg. The anti-dumping tax on pangasius products of Hung Vuong Corporation, the mandatory respondent, was kept at US$1.20 per kilogram. Vietnam-wide rate is US$2.11 per kilogram.

The Department of Commerce (DOC) announced its decision to set a preliminary adjustment on the duty imposed on certain frozen pangasius fillets imported from Vietnam in its the tenth antidumping duty administrative reviews (POR10) from August 1, 2012 to July 31, 2013. Accordingly, despite lower duty rate, it still caused obstacles to Vietnamese pangasius exporters. DOC decided to increase Vietnam-wide tax rate from US$ 2.11/ kg to US$ 2.39 / kg.

The new duties in POR10 won’t be in effect until the final determination is issued. Therefore, the decrease in pangasius exports to the United States is mainly caused by POR9.

Pangasius exports to Russia has been on decreasing trend since 2013, consequently, this market was no longer in top 8 of Vietnam pangasius importers.  At the end of January 2014, Veterinary and Phytosanitary Surveillance Service (VPSS) suspended Vietnam pangasius imports to Russian Federation and the Customs Union (including Russia, Belarus, and Kazakhstan).  As a result, in the first 7 months of 2014, Vietnam pangasius export to Russia was estimated at US$ 3.49 million, comparing to US$ 8.97 million for the same period in 2013. The suspension was recently lifted and results for this market are expected to be better, in both volume and value.


Source: vasep.com.vn
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